Abel cousin's only hope would be Erdogan
he/sweden is doomed; just does not "get it" yet
Jkt Abel 12:12:20 GMT - 07/28/2022
JP, tell him to revolt
Mtl JP 12:00:09 GMT - 07/28/2022
final nail in the coffin ...
coffin of what ?
frank - cousin in sweden is wailing to me not only about price of electricity (up around 3x) but availability: he is being told when and how often to vacuum his adobe. credits the "green"s. but still rabidly pro-nato, thinks highly of the murrican's "protection".
swiss frank 11:22:56 GMT - 07/28/2022
Even with Powell's 'hold on a sec' moment and subsequent what he really meant clarification, the demise of the EUR is set. Extremely disappointing as well as evident is that it couldn't even sustain a move to 1.0250, never mind real resistance levels.
With or without Fed speed limit adjustments, rate differentials and expected rate differentials (yeah that rho thing) are not the driver for moving the EUR lower at this point. They are just along for the ride. Economic underperformance, this fragmentation thing which some say could be the final nail in the coffin, and capital flows as a result of economic, political, and war consequences are the driver. It's a question of when not if it leaves route 1.
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